There was an op-ed in the New York Times the other week that detailed some of the economic inequality in the US. It used academic data to discuss how poorly Americans estimate the level of social mobility. It’s certainly worth reading, but I wanted to highlight one section (and study): Studies by another author of this article, …
Tag Archives: Income
Why Poor People Have Harsher Moral Judgments
Morals is certainly one of my interests, as is evidenced by my series on Michael Sandel’s book, What Money Can[‘t] Buy. And so, when I came across a journal article called, “A Lack of Material Resources Causes Harsher Moral Judgments,” I was intrigued, if not a bit saddened. The researchers attempted to test the idea of …
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How Does “the Economy” Work, Anyway?
This past winter, I wrote a post: “What is ‘the Economy,’ Anyway?” I was growing tired of hearing people talking about “the economy” being bad. Don’t get me wrong, people can talk about whatever they like, but in the context of the economy, I felt that the idea that folks saying it’s bad is a …
US Congress: 48% Millionaires, US Population: 2.85% Millionaires
I recently saw an article in The Atlantic with the title: Does the Rise of the Super-Wealthy Require New Global Rules? It’s a provocative question based on a book by Chrystia Freeland, Plutocrats. I highly recommend taking the time to read it! Anyway, while the article was good, there was something near the beginning that caught my eye …
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Can We Make “Looking Down Your Nose” a Good Thing?
A couple of days ago I mentioned that I was going to be doing a post about Chrystia Freeland’s book Plutocrats. I haven’t yet finished it, but there is something I wanted to talk about before I got to the end. I’m about halfway through the book and the main focus of the conversation is the 0.1% …
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Jeremiah Stanghini 